Press release
Smart Fabric Market: Company Profiles, Segment Insights, Industry Growth, and Forecast Through 2024-2031 | AIQ Smart Clothing Inc., ThermoSoft International Corporation, Eeonyx Corporation.
Smart Fabric Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Smart Fabric market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Smart Fabric Market reached US$ 2.6 billion in 2023 and is expected to reach US$ 6.7 billion by 2031, growing with a CAGR of 12.8% during the forecast period 2024-2031.
What is Smart Fabric Market?
The Smart Fabric market encompasses textiles embedded with advanced technologies that enhance their functionality and performance. These smart fabrics can sense and react to environmental stimuli, enabling applications in various sectors, including fashion, healthcare, sports, automotive, and military. Market growth is driven by rising consumer demand for wearable technology, advancements in materials science, and increasing awareness of the benefits of smart textiles, such as moisture management, temperature regulation, and integrated health monitoring. Additionally, the development of innovative fabrics that incorporate sensors and electronic components is opening new opportunities for personalized clothing and smart apparel, further propelling market expansion.
Growth Driver
Fashion and Entertainment Industry Driving Innovation in Smart Fabrics
The global smart fabric industry is experiencing significant growth, largely fueled by the fashion and entertainment sectors' enthusiastic adoption of these innovative materials. One of the main motivators behind this trend is the desire of manufacturers, developers, and designers to incorporate unique aesthetics into their products.
Smart fabrics enable real-time changes in color, size, or shape, providing a transformative approach to the visual and functional aspects of clothing. This dynamic feature adds an engaging element to apparel, appealing to a tech-savvy consumer base that values innovation and interactivity. As the fashion and entertainment industries continue to explore the possibilities of smart fabrics, we can expect ongoing advancements and creative applications that redefine how we think about clothing and personal expression.
Key Players:
Profiles of some of the major players in the global Smart Fabric market, which include AIQ Smart Clothing Inc., ThermoSoft International Corporation, Eeonyx Corporation, Ohmatex ApS, Sensoria Inc., Clothing+ (Jabil), MacLellan Rubber, Sensing Tex SL, Adidas AG and Hexoskin.
Industry Development:
In July 2022, Microsoft introduced a smart cloth capable of recognizing motions and objects, showcasing innovative advancements in textile technology.
In August 2022, a team of biomedical engineers in Australia developed a smart textile that integrates artificial "muscles." This breakthrough aims to enhance the functionality of wearable exoskeletons and soft robotics, pushing the boundaries of how textiles can interact with technology.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Smart Fabric market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Product: Passive Smart, Active Smart, Ultra-Smart.
By Function: Sensing, Energy Harvesting, Luminescence and Aesthetics, Thermo-Electricity, Others.
By End-User: Military and Protection, Architecture, Healthcare, Sports and Fitness, Fashion and Entertainment, Automotive, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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